Industrial Networking Solutions Market worth $73.3 billion by 2028, growing at a CAGR of 20.2%: Report by MarketsandMarkets™



Chicago, Feb. 21, 2024 (GLOBE NEWSWIRE) — The global Industrial Networking Solutions (INS) Market size is projected to grow from USD 29.2 billion in 2023 to USD 73.3 billion by 2028, at a CAGR of 20.2% during the forecast period 2023 to 2028, according to a new report by MarketsandMarkets™.

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257 – Tables
47 – Figures
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The Industrial Internet of Things (IIoT) is a key driver of industrial networking technologies. Connectivity and communication between machines, devices, and systems allow for real-time data monitoring and analysis, which leads to better decision-making and predictive maintenance.

The demand for wireless connectivity solutions in industrial settings is increasing. Technologies like Wi-Fi, Bluetooth, and Industrial Wireless are being deployed for more flexible and scalable industrial networking.

Industrial Networking Solutions (INS) Market Growth Dynamics:


Growing need for predictive maintenance
Increasing demand for SD-WAN solutions
Proliferation of wireless technologies in industry operations
Advent of data analytics and data processing
Increasing adoption of industry 4.0


Growing integration of IIoT
Convergence of OT and IT


Data security and privacy concerns
Cost constraint

List of key players in Industrial Networking Solutions (INS) Market:

Cisco (US),
Juniper Networks (US),
Huawei (China),
Dell Technologies (US),
Rockwell Automation (US),
Eaton (Ireland),
Nokia (Finland),
ABB (Switzerland),
Belden (US),

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By offering, the technologies segment is expected to grow with the highest CAGR during the forecast period

The technologies segment in the industrial …

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